KXI vs. USMV

Last updated Jun 24, 2026

KXI (iShares Global Consumer Staples ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both exchange-traded funds - KXI is a Consumer Staples Equities fund tracking the S&P Global Consumer Staples Index, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 10 years, KXI returned 6.05%/yr vs 9.79%/yr for USMV. A 0.77 correlation means they provide meaningful diversification when combined. KXI charges 0.46%/yr vs 0.15%/yr for USMV.

Performance

KXI vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Consumer Staples ETF (KXI) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KXI achieves a 5.81% return, which is significantly higher than USMV's 1.14% return. Over the past 10 years, KXI has underperformed USMV with an annualized return of 6.05%, while USMV has yielded a comparatively higher 9.79% annualized return.

KXI

• 1D: 1.64%
• 1M: -0.89%
• YTD: 5.81%
• 6M: 6.12%
• 1Y: 5.44%
• 3Y*: 6.40%
• 5Y*: 4.58%
• 10Y*: 6.05%

USMV

• 1D: 0.29%
• 1M: -2.10%
• YTD: 1.14%
• 6M: 0.51%
• 1Y: 3.59%
• 3Y*: 10.93%
• 5Y*: 7.02%
• 10Y*: 9.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KXI vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KXI iShares Global Consumer Staples ETF	5.81%	9.68%	4.20%	2.41%	-6.02%	13.71%	7.69%	23.40%	-10.71%	17.60%
USMV iShares MSCI USA Min Vol Factor ETF	1.14%	7.65%	15.74%	10.33%	-9.43%	20.85%	5.64%	27.69%	1.33%	18.91%

Correlation

The correlation between KXI and USMV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.77

Over the past year, the correlation between KXI and USMV has dropped to 0.44 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

KXI vs. USMV - Sectors Allocation Comparison

Sectors	KXI	USMV
Consumer Defensive	97.0%	9.4%
Consumer Cyclical	3.0%	5.7%
Basic Materials	-	2.4%
Communication Services	-	6.2%
Energy	-	2.7%
Financial Services	-	11.7%
Healthcare	-	12.6%
Industrials	-	6.1%
Real Estate	-	2.5%
Technology	-	33.9%
Utilities	-	6.9%

Return for Risk

KXI vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KXI

KXI Risk / Return Rank: 15
KXI Sharpe Ratio Rank: 15
KXI Sortino Ratio Rank: 14
KXI Omega Ratio Rank: 14
KXI Calmar Ratio Rank: 15
KXI Martin Ratio Rank: 14

USMV

USMV Risk / Return Rank: 15
USMV Sharpe Ratio Rank: 15
USMV Sortino Ratio Rank: 13
USMV Omega Ratio Rank: 13
USMV Calmar Ratio Rank: 15
USMV Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KXI vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Consumer Staples ETF (KXI) and iShares MSCI USA Min Vol Factor ETF (USMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	KXI	USMV	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.42	+0.03
Sortino ratio: Return per unit of downside risk	0.71	0.65	+0.07
Omega ratio: Gain probability vs. loss probability	1.09	1.08	+0.01
Calmar ratio: Return relative to maximum drawdown	0.53	0.56	-0.03
Martin ratio: Return relative to average drawdown	1.12	1.82	-0.70

KXI vs. USMV - Sharpe Ratio Comparison

The current KXI Sharpe Ratio is 0.45, which is comparable to the USMV Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of KXI and USMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KXI vs. USMV - Drawdown Comparison

The maximum KXI drawdown since its inception was -42.27%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for KXI and USMV.

Drawdown Indicators

	KXI	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-42.27%	-33.10%	-9.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-6.46%	-3.78%
Max Drawdown (3Y) Largest decline over 3 years	-11.92%	-9.36%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-17.45%	-17.93%	+0.48%
Max Drawdown (10Y) Largest decline over 10 years	-24.59%	-33.10%	+8.51%
Current Drawdown Current decline from peak	-7.00%	-2.63%	-4.37%
Average Drawdown Average peak-to-trough decline	-5.37%	-2.87%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	1.98%	+2.89%

Volatility

KXI vs. USMV - Volatility Comparison

iShares Global Consumer Staples ETF (KXI) has a higher volatility of 4.56% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.63%. This indicates that KXI's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KXI	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	2.63%	+1.93%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	6.14%	+3.73%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	8.60%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.51%	12.35%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.72%	14.51%	-0.79%

KXI vs. USMV - Expense Ratio Comparison

KXI has a 0.46% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

KXI vs. USMV - Dividend Comparison

KXI's dividend yield for the trailing twelve months is around 2.37%, more than USMV's 1.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KXI iShares Global Consumer Staples ETF	2.37%	2.29%	2.51%	2.99%	1.98%	2.26%	2.34%	2.17%	2.97%	2.17%	2.34%	2.20%
USMV iShares MSCI USA Min Vol Factor ETF	1.53%	1.49%	1.67%	1.82%	1.62%	1.26%	1.81%	1.88%	2.12%	1.77%	2.22%	2.02%

Frequently Asked Questions

Can I hold both KXI and USMV in my portfolio?

KXI and USMV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KXI or USMV?

KXI has higher volatility (4.56%) compared to USMV (2.63%). In terms of maximum drawdown, KXI dropped -42.27% vs USMV's -33.10%.

Which ETF is better, KXI or USMV?

On 10-year performance, USMV leads with 9.79% vs 6.05% for KXI. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KXI or USMV?

Over the 10-year period, USMV has performed better with a 9.79% return vs 6.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KXI or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 0.46% for KXI.

Which ETF pays a higher dividend yield, KXI or USMV?

KXI has the higher dividend yield at 2.37%, compared with 1.53% for USMV.

What is the main difference between KXI and USMV?

KXI is categorized as Consumer Staples Equities, while USMV is Large Cap Blend Equities. KXI tracks S&P Global Consumer Staples Index, while USMV tracks MSCI USA Minimum Volatility Index. Their fees differ too: 0.46% for KXI and 0.15% for USMV.

Which has better risk-adjusted returns?

KXI currently has the higher Sharpe Ratio (0.45 vs 0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.